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Specialized Medical Services Company "Promedics" has announced the opening of nominations for its Board of Directors for the upcoming term, which will run from 2026 to 2030. This includes electing 6 members in accordance with regulatory requirements and eligibility criteria, which encompass competence, financial expertise, and the ability to provide strategic guidance. The company has also set specific conditions for independent candidates, such as not owning more than 5% of the company's shares, having no kinship ties with board members, and restricting the term of membership to a maximum of 9 years. Additionally, a cap has been placed on the board's compensation at 250,000 SAR annually, plus attendance allowances. Nominees are also required to disclose any conflicts of interest and submit a curriculum vitae in accordance with regulatory standards. The nomination period begins on October 4 and ends on November 4, 2026.
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